Managed to break above Dec 2018 high.
if it can penetrate through $14 which was huge support in the past (currently resistance), it can march higher towards $20 first.
Gold is bullish. Short term target is $1343.
US10 year yields are bearish and target is 2.11%.
Perhaps it is not surprising that the nature of the wave axis is similar to the wave axis of the XAUUSD. Similarly, both rates are moving symmetrically. We assume that further increases may occur. Its size and structure may be similar to wave A. But the direction is opposite. If this assumption is correct, the price rise target price is 16.51usd.
I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term.
Best of luck,
Ivan Labrie.
Yet I'm long Gold long term, but, you know positioning is what helps you to avoid low R/R ratios. We are way too far from what a breakout should be. I'll sit tight.
With all the turmoil in the world the precious metal prices are rising!
On a weekly timefrime you can clearly see a ascending triangle forming in the gold price.
If breaking the 14 resistance Barrack gold can go up 30% to 18.30.
This is merely my opinion
![GOLD: [03/25/2019]Barrick Gold target 21 in this year](https://s3.tradingview.com/7/7C1JkElY_mid.png "[03/25/2019]Barrick Gold target 21 in this year")
